Month: August 2020

(Bloomberg) — California doubled down on its demand that Uber Technologies Inc. and Lyft Inc. make immediate, wrenching changes to their business models in their home state by converting their drivers from independent contractors to employees with benefits.California Attorney General Xavier Becerra asked a state appeals court Wednesday to ignore the companies’ pleas to extend a pause on a lower court’s order requiring the dramatic shift. A stay of the decision is set to expire midnight Thursday. If the appeals court agrees with Becerra or takes no action, Uber and Lyft have said the order will force them to suspend …read more […]

President Donald Trump on Wednesday engaged in a war of words against Goodyear, calling for a boycott in reaction to a social media post that suggested the company was playing favorites with employee-approved political speech. Yahoo Finance’s Emily McCormick joins Akiko Fujita to discuss. …read more […]

This year has brought many surprises. No one expected a global pandemic to break out and change our lives so fundamentally. No one expected months of lockdowns.
Each month, it seems we’ve got a new adversary to face, whether it be pandemic-related or not.
But most of all, it’s the financial markets that continue to surprise many people this year.
End-of-the-year market predictions back in 2019 have had to be thrown in the dumpster and reevaluated.
And every day brings new stories from commentators in the media about how the stock market is “disconnected” from the economy and our society.
These commentators – many who …read more […]

Explosive e-commerce growth over the past two decades has investors around the world asking “how to invest in Amazon.”
The Seattle based company is considered one of the Big Four in the tech space, along with Google (Nasdaq: GOOGL) , Apple (Nasdaq: AAPL) and Facebook (Nasdaq: FB). In addition to e-commerce, Amazon (Nasdaq: AMZN) has large footprints in the digital streaming, artificial intelligence and cloud computing space. Amazon is also investing in self-driving car technology, which is no surprise considering its history of innovation.

Amazon’s History
If we go all the way back to 1997, the year Amazon filed to go public, the …read more […]

Minutes from the Federal Open Market Committee’s July 29 meeting suggest the Fed will not take up its World War II-era policy of purchasing U.S. Treasuries until yields reach stated targets. …read more […]

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Trump wants Americans to boycott Goodyear–even though it employs thousands of Americans whose jobs he might jeopardize. …read more […]

The II-VI Incorporated (NASDAQ:IIVI) share price has had a bad week, falling 15%. But that scarcely detracts from the… …read more […]

Walmart may be nearing the launch of an Amazon Prime rival. …read more […]

The Internal Revenue Service and the Treasury Department will send interest payments with an average of $18 to about 13.9 million taxpayers. …read more […]

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The jet’s recertification is still hanging in the balance more than a year after its worldwide grounding due to two fatal crashes. Boeing customers have canceled more than 400 orders for the U.S. planemaker’s grounded 737 MAX jets this year, the company said last week. The planemaker said on Wednesday that Enter Air placed a new order for two 737-8 aircraft with options for two more jets. …read more […]

(Bloomberg) — Barstool Sports founder and cult retail investing figure Dave Portnoy posted a bedridden video saying he was sick — possibly with coronavirus — sending shares of backer Penn National Gaming Inc. sliding on Wednesday.Portnoy said he hasn’t left his bed in 40 hours. “Do I have Covid? Maybe,” he said in the video, which was posted to social media. “I’m just going to get better, so I can come back and do what I do, which is to entertain you.”Penn National, a casino operator that’s been making a bigger push into sports betting, acquired a 36% interest in …read more […]

5G is coming; the future outlines of wireless networking are growing clearer week by week. The new networks promise faster connections over greater bandwidth with lower latency – in short, 5G lets users do more online, and to do it more quickly. The major wireless carriers in the US have already rolled out 5G networks in major urban areas, and, on at least partial bandwidths, across rural areas as well. In China and Korea, 5G networks are even more advanced, and Europe is not far behind.So, there’s a boom on the way. 5G will change the way we work with …read more […]